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Stock impact report

Dollar struggles near 2-mth lows, yen sags on receding risk aversion [CNBC]

Mizuho Financial Group, Inc. Sponosred ADR (Japan) (MFG) 
US:NYSE Investor Relations: mizuho-fg.com/investors/index.html
Company Research Source: CNBC
The dollar struggled near two-month lows, while the yen also sagged on Friday on reduced safe haven demand amid a switch in investors' view that the Sino-U.S. trade conflict would be less damaging to global growth than initially feared. The dollar index against a basket of six major currencies stood at 93.910 after touching 93.829 overnight, its lowest since July 9. The index has fallen more than 1 percent this week, with investor flows being diverted away from the greenback to its peers such as emerging market currencies amid an ebb in U.S.-China trade war concerns. The better risk sentiment contrasted with a Reuters poll showing forecasters were unanimous in their view that the trade row between the world's two top economies is bad for growth. The euro was also a beneficiary of the shift in currency flows. The single currency was steady at $1.1777 after climbing 0.9 percent the previous day, when it had scaled a three-month peak of $1.1785. The 'risk on' mood Show less Read more
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